Ukraine has successfully unbundled its gas transmission system from state-owned firm Naftogaz, in a move described by Naftogaz CEO Andriy Kobolyev as “the most significant reform in the energy sector in the history of independent Ukraine”.
Nigeria – Nigeria LNG has taken a final investment decision to expand plant capacity by 7.6 mtpa in a major project including a seventh liquefaction train with a capacity of 4.2 mtpa, according to stakeholder Eni.
Bulgaria – Bulgaria is set to save USD 46 million in transit fees by receiving Russian gas via TurkStream, after signing an agreement with Gazprom to switch the point of entry of Russian gas into Bulgaria from the Romanian border to Turkey.
Mediterranean – Cyprus, Israel and Greece have agreed to build the EastMed Gas Pipeline project after the energy ministers from the three nations penned an Intergovernmental Agreement in Athens last Thursday.
Israel – Shipments from Israel’s offshore Leviathan field have begun to arrive in Jordan and are expected to soon be delivered in Egypt, sealing Israeli aspirations to become a major gas exporter.
US – Shell subsidiary BG US Production has sold its East Texas and Louisiana Haynesville shale assets to Castleton Resources in order to channel capital towards “high margin assets” in the Permian, Canada and Argentina.
Shares in Houston-headquartered services contractor McDermott International plummeted last week following reports that the company was considering filing for bankruptcy amid the resignation of the CFO after posting a USD 1.9 billion loss in Q3’19.
India – Canada’s Niko Resources has exited the KG-D6 block offshore India and dropped its arbitration case against partners Reliance Industries and BP after those companies agreed to pay the Canadian firm USD 36 million.